SBA lender profile
Mechanics Cooperative Bank
Mechanics Cooperative Bank appears in the public SBA loan data with 127 funded 7(a) loans since FY2010, totaling $24.1M, an average of $190K per loan, and an estimated 1,588 jobs supported. Its SBA lending concentrates in Massachusetts and the Retail Trade sector. Across its 7(a) loans, the charge-off rate is 6.3%. 19.7% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 57
- Scale 47
- Activity 37
- Consistency 82
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Mechanics Cooperative Bank the right lender for you?
Lenders fund what they know. Mechanics Cooperative Bank's SBA lending concentrates in Massachusetts (119 loans) and Retail Trade (21 loans), at an average loan of $190K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $879M
- Headquarters
- Taunton, MA
- FDIC cert
- #26634
- Status
- Active
Where Mechanics Cooperative Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Massachusetts | 119 | $22.4M |
| Rhode Island | 8 | $1.7M |
What Mechanics Cooperative Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 21 | $4.7M |
| Accommodation and Food Services | 23 | $4.2M |
| Professional and Technical Services | 10 | $3.2M |
| Administrative and Support | 16 | $2.7M |
| Health Care and Social Assistance | 7 | $1.8M |
| Construction | 15 | $1.3M |
Mechanics Cooperative Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 10 | $2.4M |
| 2011 | 12 | $2.9M |
| 2012 | 11 | $1.3M |
| 2013 | 12 | $1.7M |
| 2014 | 12 | $2.4M |
| 2015 | 7 | $537K |
| 2016 | 7 | $618K |
| 2017 | 10 | $818K |
| 2018 | 8 | $1.5M |
| 2019 | 6 | $2.0M |
| 2020 | 6 | $1.1M |
| 2021 | 10 | $3.0M |
| 2022 | 8 | $1.0M |
| 2023 | 5 | $808K |
| 2024 | 1 | $40K |
| 2025 | 2 | $1.9M |
Related SBA lenders
Other lenders active in Massachusetts or in Retail Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Mechanics Cooperative Bank: frequently asked questions
Does Mechanics Cooperative Bank offer SBA loans?
Yes. Mechanics Cooperative Bank appears in the public SBA data with 127 funded SBA 7(a) loans totaling $24.1M.
How many SBA loans has Mechanics Cooperative Bank made?
Mechanics Cooperative Bank is associated with 127 SBA 7(a) loans totaling $24.1M in the public SBA data (as of 2026-03-31).
What is Mechanics Cooperative Bank's SBA charge-off rate?
About 6.3% of Mechanics Cooperative Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Mechanics Cooperative Bank do most of its SBA lending?
Mechanics Cooperative Bank's SBA lending in the data is most concentrated in Massachusetts, and by industry in Retail Trade.
Is Mechanics Cooperative Bank an SBA Preferred Lender (PLP)?
The loan record shows Mechanics Cooperative Bank operating under PLP delegated authority: 25 of its 7(a) loans (19.7%) were processed through the Preferred Lenders Program, including 1 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Mechanics Cooperative Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/mechanics-cooperative-bank/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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